Business
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FPI offload Indian stocks worth Rs 7702 Cr in year’s biggest single day sell off
On October 26, foreign institutional investors (FIIs) continued their selling spree in the Indian stock market, while domestic institutional investors (DIIs) emerged as net buyers. This trend occurred on the day of the monthly Futures and Options (F&O) expiry, with...
Last updated on October 27th, 2023 11:04 am -
Euro zone PMI hits lowest in nearly 3 years, stirs recession worries
Euro Zone businesses faced a significant setback this October, with a widespread drop in demand, raising concerns about a possible recession. The Purchasing Managers' Index (PMI) for the region fell sharply, indicating economic challenges. Key Findings: Downturn Across Europe: Business...
Last updated on October 25th, 2023 11:16 am -
ONGC Secures Bid To Purchase PTC’s Wind Power Division For Rs 925 crore
In a strategic move to expand its renewable energy portfolio and reduce its reliance on fossil fuels, the state-owned Oil and Natural Gas Corporation (ONGC) has successfully secured a bid to acquire PTC India Ltd's wind power unit for...
Last updated on October 25th, 2023 11:12 am -
Govt To Invest ₹30,000 Crore To Expand Crop Insurance Portal Coverage
In a significant development for the agricultural sector in India, the government has unveiled plans to allocate ₹30,000 crore to enhance the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal. The primary objective of this initiative is to transform the...
Last updated on October 23rd, 2023 05:29 pm -
NLC India Green Energy Limited To Boost India’s Green Energy Capacity
NLC India, a Navratna public sector company, has unveiled its latest venture into the renewable energy sector. On a mission to bolster India's green energy capacity, the company has established a wholly-owned subsidiary known as NLC India Green Energy...
Last updated on October 23rd, 2023 03:03 pm -
Indian Government Grants Approval for Non-Basmati Rice Exports
In a significant move, the Indian government has given the green light for the export of 1.34 million tonnes of Non-Basmati White Rice to seven countries. This export approval has been issued by the Directorate General of Foreign Trade (DGFT)....
Last updated on October 23rd, 2023 11:16 am -
RBI Approves Kotak Mahindra Bank To Acquire MFI Sonata Finance
In a significant development in the financial sector, Kotak Mahindra Bank has received the Reserve Bank of India's (RBI) approval to acquire 100% stake in micro-lender Sonata Finance. This acquisition marks a crucial step for Kotak Mahindra Bank in...
Last updated on October 21st, 2023 10:32 am
